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Europe

Euler Hermes acquires the assets of Resolve2Collect

Euler Hermes has completed an asset purchase with Resolve2Collect Limited Ireland. (more…)

Tenon acquires HMT Corporate Recovery

Tenon Group PLC acquires Hurst Morrison Thomson Corporate Recovery in the Thames Valley. (more…)


Banca Italease realigns risk management after losses

Directors and auditors at Banca Italease have resigned and the bank has realigned its risk management department in the wake…

#bank#management#risk


Late payment law ignored by UK businesses

The vast majority of UK business are not taking advantage of legislation specifically designed to help protect them against slow…


EBRD strengthens Bank of Baku’s SME financing

MSEs in Azerbaijan will benefit from a US$3m loan to Bank of Baku for on-lending to local businesses, assisted by…

#bank#international#International Trade


SMEs to get EUR100m from Jeremie programme

The European Investment Fund will finance an account and an office in Romania to manage the EUR100m of the Jeremie…

#economy#financial institutions#guarantee


Invoice finance fraud rising

More than 40 per cent of the sales ledgers, an invoice finance and factoring specialist undertook to examine on behalf…


Bank Austria Creditanstalt takes over FactorBank

Bank Austria Creditanstalt purchases 100 per cent of the shares in FactorBank by purchasing shares from Raiffeisen Zentralbank and Oberbank.  (more…)


Bank of Italy orders directors of Banca Italease to...

Italy's central bank has ordered Banca Italease to elect a new board and raise capital after spendng EUR610m to unwind derivatives…


Abbey partners OB10 in innovative corporate supply chain finance...

Abbey leverages Santander's technology and experience in reverse factoring to enable suppliers to be paid quickly at a lower financial cost than…

#invoice#smes#supplier payments


Experian research shows payment delays up by 2 days

New research has found that businesses take longer to pay their bills than at any time since Late Payment legislation was…


Lloyds TSB Commercial Finance funds drum manufacturer MBO

Bulk Packaging Group has been acquired in a MBO and it is being funded by Lloyds TSB Commercial Finance. (more…)

#Boost#commercial finance#funding

BRDA head says European funds inadequate for SMEs

European funds alloted to SMEs to access consulting services are regarded as insufficient by  the Bucharest Regional Development Agency. (more…)

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